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102 W High St 5,415 SF 57% Leased Retail Building Lexington, KY 40507 $999,000 ($184.49/SF)
Investment Highlights
- Prime Downtown Location
- Option for Short or Long Term Rentals
- Successful Established Retail Businesses with Leases
Executive Summary
Discover a rare opportunity to own a mixed-use property in the vibrant core of Downtown Lexington. This well-maintained building features two street-level retail spaces and three residential apartments. Retail units are currently leased to stable, long-term tenants in a high visibility area with heavy foot traffic and strong downtown exposure. The apartments were updated in 2019 and are ideal for short term or long term rentals. Property Highlights: Excellent downtown location near restaurants, entertainment, Rupp Arena and University of Kentucky campus. High walkability and easy access to public parking. Strong rental history and consistent cash flow. This property offers the best of both worlds — reliable commercial income from established tenants and flexible residential units in a thriving rental market. Perfect for investors seeking stable returns, appreciation potential, and short-term rental upside in one of Lexington's most desirable districts.
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Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Building Size
5,415 SF
Building Class
C
Year Built
1949
Price
$999,000
Price Per SF
$184.49
Percent Leased
57%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
B-2B - Downtown Center Business
Frontage
111’ on W High St
Amenities
- Corner Lot
- Courtyard
- Signalized Intersection
- Air Conditioning
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17171650 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $400,000 |
Property Taxes
Parcel Number
17171650
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$400,000
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102 W High St
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